INCOME TAX

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6 Points Posted on 01 March 2021
which tax will be benifit for a y 21-22 new tax scheme or old tax scheme as my father pension will be Rs 800000 axp. he is sr cittizen
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On 01 March 2021 at 15:16 Report
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Quick Summary
This discussion explores which income tax scheme, the new or old, is more beneficial for a senior citizen with a pension of Rs 8 Lakh for the financial year 2021-22. It highlights the need to calculate income under both schemes to determine the optimal choice. The conversation also touches upon tax-free gold bond schemes and potential deductions for LIC or medical insurance.

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Master in Accounts & high court Advocate
9620 Points Posted on 01 March 2021

Gold bond tax free schemes

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On 01 March 2021 at 15:41
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4 Points Posted on 01 March 2021
Any deductions of your father like LIC or medical insurance??
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On 01 March 2021 at 16:51
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17269 Points Posted on 01 March 2021
You need to work out computation of income under both new and old scheme. Then only you know which is beneficial.
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On 01 March 2021 at 18:07

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